Oak Ridge Investments LLC boosted its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 4.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,576 shares of the specialty retailer's stock after acquiring an additional 513 shares during the period. O'Reilly Automotive accounts for 1.3% of Oak Ridge Investments LLC's portfolio, making the stock its 16th largest position. Oak Ridge Investments LLC's holdings in O'Reilly Automotive were worth $14,483,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Asset Dedication LLC boosted its stake in O'Reilly Automotive by 6.2% during the 3rd quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer's stock worth $178,000 after acquiring an additional 9 shares during the last quarter. Industrial Alliance Investment Management Inc. increased its position in shares of O'Reilly Automotive by 2.6% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer's stock worth $440,000 after purchasing an additional 10 shares during the last quarter. Marcum Wealth LLC lifted its stake in O'Reilly Automotive by 5.1% in the second quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer's stock valued at $218,000 after acquiring an additional 10 shares during the last quarter. Ausdal Financial Partners Inc. lifted its stake in O'Reilly Automotive by 2.9% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 352 shares of the specialty retailer's stock valued at $372,000 after purchasing an additional 10 shares during the last quarter. Finally, KCM Investment Advisors LLC boosted its stake in shares of O'Reilly Automotive by 0.6% during the 1st quarter. KCM Investment Advisors LLC now owns 1,838 shares of the specialty retailer's stock worth $2,075,000 after acquiring an additional 11 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, Director Dana Perlman sold 48 shares of O'Reilly Automotive stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total value of $53,268.48. Following the completion of the sale, the director now owns 1,097 shares of the company's stock, valued at approximately $1,217,406.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Christopher Andrew Mancini sold 1,557 shares of O'Reilly Automotive stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dana Perlman sold 48 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total value of $53,268.48. Following the sale, the director now directly owns 1,097 shares in the company, valued at $1,217,406.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,370 shares of company stock valued at $18,333,966 in the last 90 days. Insiders own 1.55% of the company's stock.
O'Reilly Automotive Trading Down 0.6 %
Shares of NASDAQ:ORLY traded down $6.55 during mid-day trading on Friday, hitting $1,146.59. 494,645 shares of the company traded hands, compared to its average volume of 375,485. O'Reilly Automotive, Inc. has a 12-month low of $914.50 and a 12-month high of $1,221.18. The stock has a market cap of $66.51 billion, a P/E ratio of 28.53, a P/E/G ratio of 2.36 and a beta of 0.92. The stock has a 50-day moving average price of $1,154.00 and a two-hundred day moving average price of $1,084.44.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing the consensus estimate of $11.53 by ($0.12). O'Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the previous year, the company posted $10.72 EPS. O'Reilly Automotive's quarterly revenue was up 3.8% compared to the same quarter last year. As a group, analysts expect that O'Reilly Automotive, Inc. will post 40.82 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on ORLY shares. Wedbush reissued a "neutral" rating and issued a $1,200.00 price target on shares of O'Reilly Automotive in a report on Thursday, October 24th. Evercore ISI upped their price target on shares of O'Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an "outperform" rating in a report on Thursday, August 22nd. TD Cowen raised their price objective on O'Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Truist Financial boosted their target price on shares of O'Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company upped their price objective on O'Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an "overweight" rating in a research note on Monday, October 14th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,242.13.
Get Our Latest Stock Analysis on ORLY
About O'Reilly Automotive
(
Free Report)
O'Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, Puerto Rico, and Mexico. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories.
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